What a Dilema
Oct 16th 2009 | 12:48 am
#1
Thread Starter
Banned
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Posts: 5,008
What a Dilema
What a dilema...
A couple of years ago a relative of my wifes borrowed money from another relative. One lived in Spain and the other in the UK.
The one in the UK needed to borrow 2k pounds, the money was sent from Spain directly into her bank account. (nearly 3 thousand euros)
Now the borrower wants to pay the money back and has given 2k back, as it was the original amount borrowed.
It has been changed back into euros, and of course the amount is short.
This has caused no end of problems within the extended family, we are trying to stay out of the row.
It is a dilema though, I know what I think (that the lender should not lose out money wise through doing a favour) but I am just interested to know if anyone has heard of a similar case, due to the low exchange rate and what the outcome was.
Our lot are just going round in circles.
A couple of years ago a relative of my wifes borrowed money from another relative. One lived in Spain and the other in the UK.
The one in the UK needed to borrow 2k pounds, the money was sent from Spain directly into her bank account. (nearly 3 thousand euros)
Now the borrower wants to pay the money back and has given 2k back, as it was the original amount borrowed.
It has been changed back into euros, and of course the amount is short.
This has caused no end of problems within the extended family, we are trying to stay out of the row.
It is a dilema though, I know what I think (that the lender should not lose out money wise through doing a favour) but I am just interested to know if anyone has heard of a similar case, due to the low exchange rate and what the outcome was.
Our lot are just going round in circles.
Last edited by JLFS; Oct 16th 2009 at 12:56 am.
Oct 16th 2009 | 12:57 am
#2
Joined: Mar 2006
Posts: 1,980
Re: What a Dilema
Who changed the 2000 pounds into euros? And why?
Oct 16th 2009 | 2:11 am
#4
RETIRED ;-))
Joined: Jul 2003
Posts: 20,156
From: Benalmadena Pueblo,Spain
Re: What a Dilema
Surely the person should return the amount they borrowed which was 3000€`s
Oct 16th 2009 | 2:15 am
#5
Happy in my bubble
Joined: Feb 2007
Posts: 4,538
From: Rochdale LANCASHIRE
Oct 16th 2009 | 2:37 am
#6
Banned
Joined: Sep 2009
Posts: 305
Re: What a Dilema
What a dilema...
A couple of years ago a relative of my wifes borrowed money from another relative. One lived in Spain and the other in the UK.
The one in the UK needed to borrow 2k pounds, the money was sent from Spain directly into her bank account. (nearly 3 thousand euros)
Now the borrower wants to pay the money back and has given 2k back, as it was the original amount borrowed.
It has been changed back into euros, and of course the amount is short.
This has caused no end of problems within the extended family, we are trying to stay out of the row.
It is a dilema though, I know what I think (that the lender should not lose out money wise through doing a favour) but I am just interested to know if anyone has heard of a similar case, due to the low exchange rate and what the outcome was.
Our lot are just going round in circles.
A couple of years ago a relative of my wifes borrowed money from another relative. One lived in Spain and the other in the UK.
The one in the UK needed to borrow 2k pounds, the money was sent from Spain directly into her bank account. (nearly 3 thousand euros)
Now the borrower wants to pay the money back and has given 2k back, as it was the original amount borrowed.
It has been changed back into euros, and of course the amount is short.
This has caused no end of problems within the extended family, we are trying to stay out of the row.
It is a dilema though, I know what I think (that the lender should not lose out money wise through doing a favour) but I am just interested to know if anyone has heard of a similar case, due to the low exchange rate and what the outcome was.
Our lot are just going round in circles.
Oct 16th 2009 | 2:40 am
#7
RETIRED ;-))
Joined: Jul 2003
Posts: 20,156
From: Benalmadena Pueblo,Spain
Re: What a Dilema
I bet they would of settled for paying 3000€`s if the exchange rate had swung the other way. 
Oct 16th 2009 | 3:44 am
#9
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Posts: 699
Re: What a Dilema
Thats an odd one.
My position would be if the person wanted to borrow £2,000 and received £2,000, then they repay £2,000.
It wasn`t there fault the Euro was high and since dropped.
It should have been disscussed before.
One option though would have been to pay the money back but into a savings account and wait for the exchange rate to return.
My position would be if the person wanted to borrow £2,000 and received £2,000, then they repay £2,000.
It wasn`t there fault the Euro was high and since dropped.
It should have been disscussed before.
One option though would have been to pay the money back but into a savings account and wait for the exchange rate to return.
Oct 16th 2009 | 3:58 am
#10
Thread Starter
Banned
Joined: Aug 2009
Posts: 5,008
Re: What a Dilema
Thats an odd one.
My position would be if the person wanted to borrow £2,000 and received £2,000, then they repay £2,000.
It wasn`t there fault the Euro was high and since dropped.
It should have been disscussed before.
One option though would have been to pay the money back but into a savings account and wait for the exchange rate to return.
My position would be if the person wanted to borrow £2,000 and received £2,000, then they repay £2,000.
It wasn`t there fault the Euro was high and since dropped.
It should have been disscussed before.
One option though would have been to pay the money back but into a savings account and wait for the exchange rate to return.
Oct 16th 2009 | 4:25 am
#12
Banned
Joined: Sep 2009
Posts: 305
Re: What a Dilema
And I've thought about it again, and I'd be pissed off whatever side of the fence I was on! 
Oct 16th 2009 | 4:35 am
#13
Straw Man.
Joined: Aug 2006
Posts: 46,302
From: That, there, that's not my post count... nothing to see here, move along.
Re: What a Dilema
£2000 was borrowed, £2000 paid back...
Oct 16th 2009 | 4:38 am
#14
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Re: What a Dilema
We are lucky that we are not in the thick of it, as the whole family is at war over this, and both sides have a point.
Oct 16th 2009 | 4:42 am
#15
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Re: What a Dilema
This is where the problem is.....the borrower "apparently· asked for "enough euros to make 2k, which was over 2800euros, so as far as the borrower is concened that is what should be paid back.
